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Meituan Dianping’s Adjusted Loss Was Nearly 200% Higher in 2018

By Chen Mengfan and Zhao Runhua / Mar 11, 2019 07:47 PM / Business & Tech

Photo: VCG

Photo: VCG

Meituan Dianping's adjusted loss was significantly greater in 2018.

The Hong Kong-listed food delivery giant’s adjusted loss was 8.52 billion yuan ($1.27 billion) as of the end of the year, a 198.6% surge year-on-year.

The company’s annual revenue for the same period increased 92.3% to 65.23 billion yuan. Meituan’s unadjusted loss for 2018 was 115.49 billion yuan.

The company, also a market-leading website for restaurant rating, reported a 2018 gross merchandise volume of 515.6 billion yuan. Roughly 400 million users purchased services from 5.8 million active vendors on Meituan platforms over the year.

Since Meituan’s purchase of bike-rental company Mobike in April, the business generated a revenue of 1.51 billion yuan and resulted in a loss of 4.55 billion yuan.

Related: Meituan Dianping Reports ‘Normal’ Job Cuts

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